CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 29/05/2025

Fundamental analysis

29 May, 2025

In Asian trading, the US Dollar was stable against the Canadian Dollar, trading above 1.3800 levels.
The USD/CAD currency pair was broadly unchanged as the commodity linked Loonie benefitted from rising oil prices during the Asian session. In Canada, Q1 Current Account data (-3.4 bln exp) will be released (13:30 GMT+1). In the US, Q1 GDP data (-0.3% expected) and Initial Jobless Claims (229k exp) will be posted (13:30 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 29/05/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 29/05/2025

Support & Resistance Level Explanation
Resistance 2 1.3907 Daily R2
Resistance 1 1.3882 Daily R1
Support 1 1.3815 Daily S1
Support 2 1.3790 Daily S2

USDCAD Indicator Table - 29/05/2025

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Sell
MACD( 12;26;9) Neutral
RSI (14) Neutral
Stochastic ( 9;6;3) Buy

USDCAD Indicator / Period Table - 29/05/2025

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Neutral SellSell
RSI (14) Neutral SellNeutral
SMA 20 Buy SellSell

USDCAD 29/05/2025 - Reference Price : 1.3848

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (1)Sell (0)
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US Dollar - Canadian Dollar Chart
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